Seplat Vitality appoints performing CEO as court docket bars Brown from administration duties

Seplat Vitality stated Friday its chief working officer, Samson Ezugworie, has been requested to take over because the chief govt officer of the oil & fuel firm.

The choice adopted an interim order of a decide, C.J. Aneke, of the Federal Excessive Courtroom, Lagos, restraining Roger Brown, the corporate’s CEO, from participating within the operating of the agency.

The company stated in a regulatory submitting that Mr Brown has stepped again from his govt duties and delegated authority to the COO.

The performing chief govt will lead the corporate throughout the seven days the court docket requires the previous to avoid administration actions.

Seplat argued that the interim orders are based mostly on claims of unfair, offensive and prejudicial deeds of the chairman, CEO and all of the impartial non-executive administrators of the agency.

“The allegations embrace that the CEO organised a website go to for a lot of its main shareholders to the Firm’s operations, cancelled some catering and landscaping contracts, and launched a brand new job efficiency ranking,” Seplat Vitality stated within the doc.

The court docket had on Wednesday barred Mr Brown from on a regular basis operating and administration of the corporate, granting the plea of 5 petitioners who’re stakeholders within the firm. The petitioners are Moses Igbrude, Sarat Kudaisi, Kenneth Nnabike, Ajani Abidoye and Robert Ibekwe.

Among the many allegations in opposition to the CEO had been racism, favouritism of expatriate employees and discrimination in opposition to Nigerian workers.

READ ALSO: Courtroom bars Seplat Vitality CEO from administration actions

Seplat Vitality, within the Friday assertion issued on the authorisation of its chairperson, Basil Omiyi, debunked the accusations, noting that Nigerian residents have been given the juiciest roles within the firm since Mr Brown took the place of CEO in 2020.

A few of these roles have included chairman, chief monetary officer, chief working officer and senior impartial non-executive administrators, the corporate claimed.